Page 48 - Tax Reforms - Businesses
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CAPM – Changes in Accounting Periods and



        Methods of Accounting (2/5)











                           1        Changes in                                   CAPM

                                    Accounting
                                                                                 TCJA changed the accounting
                                    Periods
                                                                                 procedures under several
                          2         Section 451 (b)                              different situations. Guidance
                                    NPRM
                                                                                 that has been issued provides

                           3        Section 451 ( c )                            procedures for eligible
                                                                                 businesses to obtain automatic
                                    NPRM
                                                                                 consent to change their method

                          4         Corporate                                    of accounting.

                                    Methods of
                                    Accounting















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